FORGE INNOVATION DEVELOPMENT CORP. Income Statement
FGNV|8 years of annual SEC 10-K data (FY2017-FY2024)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 8 fiscal years. All figures from audited SEC 10-K filings.
At a glance
Revenue
$668,339
FY2024
Gross Profit
N/A
FY2024
Operating Income
N/A
FY2024
Net Income
-$1M
FY2024
FORGE INNOVATION DEVELOPMENT CORP. reported $668,339 in revenue and $1M in net loss for FY2024. Revenue has grown at a 72.0% compound annual rate over the past 7 years.
Based on SEC 10-K filings.
Key Data Points
- Altman Z-Score -0.35 (distress zone, below 1.23 threshold)
- Currently unprofitable: Net income is negative
- Cash-backed earnings: Operating cash flow exceeds net income
- Negative return on equity: -120.0% ROE
- Conservative debt: Debt-to-equity ratio of 0.02
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $668.3K | $438.5K | $122.6K | $36.0K | $36.0K | $36.0K | $36.0K | $15.0K |
| Gross Profit | - | - | - | - | $36.0K | $36.0K | $36.0K | $15.0K |
| SG&A Expense | $303.4K | $234.6K | $112.0K | $249.2K | $283.3K | - | - | - |
| Income Tax | - | - | $2.2K | $1.6K | $800 | $800 | $800 | - |
| Net Income | -$1.3M | -$920.4K | -$34.1K | -$262.4K | -$320.1K | -$283.4K | -$326.1K | -$304.1K |
| EPS (Basic) | -$0.02 | $0.00 | $0.00 | - | - | - | - | - |
| EPS (Diluted) | -$0.02 | $0.00 | - | -$0.01 | -$0.01 | -$0.01 | -$0.01 | $0.00 |
| Shares Outstanding | 50.4M | 45.6M | 45.6M | 45.6M | 45.6M | 45.6M | 57.6M | 56.5M |
| Gross Margin | - | - | - | - | 100.0% | 100.0% | 100.0% | 100.0% |
| Profit Margin | -189.8% | -209.9% | -27.8% | -729.0% | -889.3% | -787.2% | -905.7% | -2027.6% |